27 February 2016 Current Affairs: Defence Minister Manohar Parrikar on Friday said that India will induct three to four indigenously developed Light Combat Aircraft Tejas in 2016 and eight squadrons in eight years. Parrikar also informed the Lok Sabha that Indias share in global arms imports has reduced from 15% to 14%, bringing down Indias arms import bill to ₹24,900 crore from ₹35,000 crore.
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